OLD Mutual Unit Trusts temporarlity suspended its R2,9-million Global Equity Fund on Wednesday, and will not accept new investments. MD Pieter van Niekerk told a press conference in Johannesburg that the move follows a decision by the Reserve Bank to limit offshore investment to 15% of financial institutions’ South African-based assets, rather than total assets […]
PHOENIX serial killer Sipho Agmatir Twala (31) was sentenced on Wednesday to 506 years in prison after he was found guilty on 27 charges of murder, attempted murder, indecent assault and rape. Twala was found guilty on 16 murder charges, one of attempted murder, seven of indecent assault and three of rape. In handing down […]
THE Kenyan government has ordered an immediate halt to the sale of fish and fish products from Lake Victoria due to poisoning, Medical Services director Julius Meme announced on Tuesday. Meme also warned the Kenyan public that fish sold from neighbouring countries sharing the lake is also not safe for consumption, until further notice. The […]
THE Independent Electoral Commission said on Tuesday it has rejected from the provisional voters roll 296266 people that registered for the general election. Those rejected include 31327 people who are dead according to the population register, 39498 people with invalid identity documents, and 109441 people who are not South African citizens. IEC chief electoral officer […]
FIVE opposition parties are to meet the Cabinet on Wednesday to discuss what they are claiming is an abuse of taxpayers money by the African National Congress in a publicity campaign. New National Party, the Democratic Party, the Freedom Front, the African Christian Democratic Party and the Pan Africanist Congress have claimed that a recent […]
PRESIDENT Sam Nujoma has acknowledged that the war in the Democratic Republic of Congo cannot be won and must be solved through peaceful dialogue. Speaking at a state banquet for Kenyan President Daniel arap Moi in Windhoek, Nujoma said the Congolese people deserved a fair chance for peace and development. He said foreign forces in […]
GOVERNMENT has effectively given South Africans permission to party especially hard at the turn of the millennium. The cabinet agreed in principle on Wednesday to declaring December 31 1999 and January 2 2000 public holidays in addition to the traditional New Year holiday. Cabinet spokesperson Joel Netshitenzhe said the extra holidays will allow four consecutive […]
THE South African Navy will participate in two international exercises in April and May, navy chief, Vice Admiral Robert Simpson-Anderson, announced in Simon’s Town on Wednesday. Simpson-Anderson, said navy ships, together with ocean patrol vessels from the French and Indian navies, will participate in exercise Blue Crane. The exercise, presented by the South African National […]
THE Airport Company South Africa (Acsa) announced on Wednesday that it has signed a lease allowing it to take over the small Pilanesberg international airport near Sun City. Acsa said it has entered into a 25-year lease agreement with the North-West government which takes effect from April 1. The Pilanesberg airport will fall under the […]
THE SANDF budget has been cut by about 40% over the past nine years from 4,5% of gross domestic product to under 1,5% at present. Navy chief, Vice Admiral Robert Simpson-Anderson, said the SANDF did not demobilise after the Angolan war and it is now imperative to establish a smaller, sleeker and cheaper defence force. […]